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M-I SWACO

Full company profile

uuid003deu1

Namestring
M-I SWACO
Legal namestring
SLB (formerly Schlumberger)
Websiteurl
slb.com
Company typeenum
Public
Founded yearint
1926
Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersHouston, United States
HQ citystring
Houston
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
drilling fluids, solids control equipment, oilfield services, bentonite materials, wellbore stabilization
Industry3 codes
1Drilling Fluids, Solids Control & Waste Handling
CodeEUALABAGPrimaryYes
2Drilling & Well Construction (E&P Operator-led)
CodeEUALAAADPrimaryNo
3Filtration, Condition Monitoring & Fluid Management (Filters, Breathers, Oil Analysis, Cooling)
CodeIMAHAGALPrimaryNo
NAICS code2 codes
  • Oil and Gas Field Machinery and Equipment Manufacturing333132
  • Mining and Oil and Gas Field Machinery Manufacturing33313
SIC code2 codes
  • Oil & Gas Field Machinery & Equipment3533
  • Drilling Oil & Gas Wells1381
Product category
Oilfield Services
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Supply Chain, Operations, Personnel, Technology or R&D
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 record
1ChampionX
Description

Production chemicals portfolio providing flow assurance and asset integrity solutions for oil and gas production.

slb.com
Core offering1 text field

M-I SWACO manufactures drilling fluid systems and solids control equipment used in oil and gas well construction. Its bentonite-based drilling fluids provide wellbore stabilization and cuttings transport, while its solids control technology supports efficient drilling performance for upstream oil and gas operators.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Part of market consolidation where top five players represent nearly 40% of global bentonite market
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Wyo-Ben Inc.
Strategic tierAcquisitionTypeOthersAnnounced on2023-11-01
Description

Wyo-Ben Inc. acquired M-I SWACO's bentonite operations in November 2023, consolidating M-I SWACO's bentonite business into Wyo-Ben's existing operations. This acquisition represents a major market consolidation in the bentonite industry, strengthening Wyo-Ben's position among the top five bentonite market players who collectively represent nearly 40% of the global market.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Newpark Resources
TypeDirect peer
Description

Specialized drilling fluids provider serving oil and gas operators, with comparable product lines in drilling fluids, fluids systems, and wellsite services that overlap directly with M-I SWACO's core offering.

2Schlumberger (SLB)
TypeBroad incumbent
Description

Parent organization of the M-I SWACO brand and the largest oilfield services company globally, with overlapping drilling, completions, and digital capabilities that contextualize M-I SWACO's positioning.

3Tetra Technologies
TypeDirect peer
Description

Provider of completion fluids, production chemicals, and water management to oil and gas operators, with comparable chemistry and fluid-handling offerings relevant to drilling and completion workflows.

4CES Energy Solutions
TypeDirect peer
Description

Provider of drilling fluids, production chemistry, and specialty chemistries to upstream operators across North America and internationally, directly competing with M-I SWACO in drilling fluid systems.

5Baker Hughes
TypeBroad incumbent
Description

Global energy technology and oilfield services company whose drilling, completions, and production chemicals portfolios compete with M-I SWACO across the well construction value chain.

6Weatherford International
TypeBroad incumbent
Description

Diversified oilfield services and equipment provider whose drilling, evaluation, and completions portfolio overlaps with M-I SWACO's drilling fluids and solids control capabilities across global upstream markets.

7National Oilwell Varco (NOV)
TypeBroad incumbent
Description

Major supplier of oilfield equipment and drilling components, including solids control and fluid management systems that overlap with M-I SWACO's equipment side of drilling fluids operations.

8Imdex
TypeEmerging player
Description

Provider of drilling fluids chemistry, downhole tools, and subsurface intelligence solutions to mining and drilling operators, with adjacent chemistry and solids control technology comparable to M-I SWACO.

9Wyo-Ben Inc.
TypeDirect peer
Description

Acquired M-I SWACO's bentonite operations in November 2023 and operates as a major bentonite supplier to drilling and industrial customers, making it a direct comparable in bentonite-based drilling fluid feedstocks.

10Halliburton
TypeBroad incumbent
Description

One of the largest oilfield services providers globally, with a dedicated drilling fluids and solids control product line (Baroid) that directly competes with M-I SWACO across drilling fluid chemistries and well construction services.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

M-I SWACO

Oilfield Servicesslb.com

M-I SWACO firmographics

Firmographics
Name
M-I SWACO
Legal name
SLB (formerly Schlumberger)
Website
https://slb.com
Company type
Public
Founded year
1926
Operating status
Acquired
Headcount range
5,001–10,000 employees
Ownership category
akta.pro rank

M-I SWACO industry classification

Industry
Product category
Oilfield Services
NAICS
Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313)
SIC
Oil & Gas Field Machinery & Equipment (3533), Drilling Oil & Gas Wells (1381)
akta.pro primary industry
Drilling Fluids, Solids Control & Waste Handling (EUALABAG)
akta.pro secondary industries
Drilling & Well Construction (E&P Operator-led) (EUALAAAD), Filtration, Condition Monitoring & Fluid Management (Filters, Breathers, Oil Analysis, Cooling) (IMAHAGAL)

Keywords

  • Drilling fluids
  • Solids control equipment
  • Oilfield services
  • Bentonite materials
  • Wellbore stabilization

Where M-I SWACO is headquartered

Location

Headquarters

HQ city
Houston
HQ country
United States
HQ region
North America

Markets served

M-I SWACO business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D

Distribution channels1 record

Marketing channels1 record

M-I SWACO product offering

Product offering

Core offering

M-I SWACO manufactures drilling fluid systems and solids control equipment used in oil and gas well construction. Its bentonite-based drilling fluids provide wellbore stabilization and cuttings transport, while its solids control technology supports efficient drilling performance for upstream oil and gas operators.

Differentiator

Problem solved

Functional benefit

Brands

  • ChampionX: Production chemicals portfolio providing flow assurance and asset integrity solutions for oil and gas production.

Quantifiable outcome

  • Part of market consolidation where top five players represent nearly 40% of global bentonite market

Companies that use M-I SWACO

Customer profile

Segments1 record

Ideal customer profiles1 record

M-I SWACO technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

M-I SWACO partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Wyo-Ben Inc.acquisitionOthers · 1 November 2023Wyo-Ben Inc. acquired M-I SWACO's bentonite operations in November 2023, consolidating M-I SWACO's bentonite business into Wyo-Ben's existing operations. This acquisition represents a major market consolidation in the bentonite industry, strengthening Wyo-Ben's position among the top five bentonite market players who collectively represent nearly 40% of the global market.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

M-I SWACO competitors and assessment

Company assessment

Direct peers

  • Newpark Resources: Specialized drilling fluids provider serving oil and gas operators, with comparable product lines in drilling fluids, fluids systems, and wellsite services that overlap directly with M-I SWACO's core offering.
  • Tetra Technologies: Provider of completion fluids, production chemicals, and water management to oil and gas operators, with comparable chemistry and fluid-handling offerings relevant to drilling and completion workflows.
  • CES Energy Solutions: Provider of drilling fluids, production chemistry, and specialty chemistries to upstream operators across North America and internationally, directly competing with M-I SWACO in drilling fluid systems.
  • Wyo-Ben Inc. Acquired M-I SWACO's bentonite operations in November 2023 and operates as a major bentonite supplier to drilling and industrial customers, making it a direct comparable in bentonite-based drilling fluid feedstocks.

Broad incumbents

  • Schlumberger (SLB): Parent organization of the M-I SWACO brand and the largest oilfield services company globally, with overlapping drilling, completions, and digital capabilities that contextualize M-I SWACO's positioning.
  • Baker Hughes: Global energy technology and oilfield services company whose drilling, completions, and production chemicals portfolios compete with M-I SWACO across the well construction value chain.
  • Weatherford International: Diversified oilfield services and equipment provider whose drilling, evaluation, and completions portfolio overlaps with M-I SWACO's drilling fluids and solids control capabilities across global upstream markets.
  • National Oilwell Varco (NOV): Major supplier of oilfield equipment and drilling components, including solids control and fluid management systems that overlap with M-I SWACO's equipment side of drilling fluids operations.
  • Halliburton: One of the largest oilfield services providers globally, with a dedicated drilling fluids and solids control product line (Baroid) that directly competes with M-I SWACO across drilling fluid chemistries and well construction services.

Emerging players

  • Imdex: Provider of drilling fluids chemistry, downhole tools, and subsurface intelligence solutions to mining and drilling operators, with adjacent chemistry and solids control technology comparable to M-I SWACO.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

M-I SWACO social profiles

Digital presence

M-I SWACO financial estimates

Financial estimate

Revenue estimate

Valuation estimate

M-I SWACO leadership team

Management profile

Number of profiles

M-I SWACO subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

M-I SWACO funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M-I SWACO M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about M-I SWACO

What does M-I SWACO do?

M-I SWACO manufactures drilling fluid systems and solids control equipment used in oil and gas well construction. Its bentonite-based drilling fluids provide wellbore stabilization and cuttings transport, while its solids control technology supports efficient drilling performance for upstream oil and gas operators.

Is M-I SWACO a public or private company?

M-I SWACO is a public company. It is classified as corporate owned and is currently acquired.

When was M-I SWACO founded?

M-I SWACO was founded in 1926. It employs 5,001 to 10,000 people.

Where is M-I SWACO based?

M-I SWACO is headquartered in Houston, United States, in the North America region.

Who are M-I SWACO's main competitors?

Direct peers on record are Newpark Resources, Tetra Technologies, CES Energy Solutions and Wyo-Ben Inc.. Broad incumbents are Schlumberger (SLB), Baker Hughes, Weatherford International, National Oilwell Varco (NOV) and Halliburton. Imdex is listed as an emerging player.

Does M-I SWACO have an API?

No public API is recorded for M-I SWACO.

What industry is M-I SWACO in?

M-I SWACO's product category is Oilfield Services. Its primary akta.pro industry code is EUALABAG, Drilling Fluids, Solids Control & Waste Handling, with a secondary code of EUALAAAD, Drilling & Well Construction (E&P Operator-led). Its NAICS code is 333132 and its SIC code is 3533.

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Live signals
FortunebusinessinsightsBentonite Market Size, Share, ValueThe global bentonite market was valued at USD 7.2 billion in 2025 and is projected to reach USD 10.24 billion by 2034, growing at a CAGR of 4.10%, with Asia Pacific accounting for 34% of market share. Key industry developments include Wyo-Ben Inc.'s acquisition of M-I SWACO's bentonite operations in November 2023 and Minerals Technologies Inc.'s acquisition of Normerica Inc. in July 2021, consolidating market positions among the top five players who collectively represent nearly 40% of the global market. The market faces growth restraints from regulatory pressures on mining activities and competition from synthetic substitutes, while opportunities lie in rising demand for natural ingredients in personal care and cosmetics applications.ScribdOil Field Chemicals Industry OverviewThis article provides an overview of the global oil field chemicals industry, identifying Halliburton, Schlumberger, and Baker Hughes as dominant corporations across drilling fluids, cementing, and stimulation services. It details the competitive landscape, noting that major players like Halliburton and M-I SWACO benefit from vertical integration through their own raw material mines, while others rely on external suppliers or affiliated chemical divisions. The text further outlines marketing strategies characterized by long-term technical service contracts and lists specific chemical products used in various segments.DignitymemorialRichard Hawk ObituaryRichard Cleo Hawk, a 64-year-old resident of Kingwood, Texas, passed away on July 30, 2025. He had a diverse career spanning law enforcement with the Houston Police Department and safety management roles at companies including M-I SWACO and BCEI. A celebration of life is scheduled for August 15, 2025, in Kingwood.openPR.comHow Zinc Carbonate Market will Rise in Coming Years? Analysis by Top Industry Players: M-I Swaco a Schlumberger company, Global Chemical Co., Chengdu XiYa Chemical Technology Co., Ltd., Alfa Aesar, BrThe global zinc carbonate market is expected to grow due to rising demand from cosmetics and rubber industries, with Asia Pacific holding a significant share. The cosmetic industry was valued at over $330.05 billion in 2016, and key players include M-I Swaco, Global Chemical Co., and Alfa Aesar.